A frequent occurrence in the cryptocurrency world is the targeted hacking of platforms, with Velocore as the latest victim. The attack on Velocore, a cryptocurrency exchange on zkSync and Linea networks, highlights the vulnerabilities in decentralized exchanges. These breaches, often a result of inadequate code auditing, can result in significant financial losses. Hackers exploit these vulnerabilities to move stolen assets through various laundering methods, making it easier than traditional bank theft. The breach at Velocore was first identified by a threat researcher named 'Officer's Notes.' The attack targeted liquidity provider tokens, with over 700 Ether transferred to the Ethereum mainnet. Despite undergoing security audits by Zokyo, Hacken, and Scalebit, the exchange's defenses were breached. The Linea Blockchain also faced disruption during the attack, leading to a temporary pause in block production. The team is currently exploring options, including engaging with centralized exchanges and freezing assets, to mitigate the impact of the breach. However, there is no clear roadmap for compensating affected investors at this time. This incident adds to the growing list of cryptocurrency exploits, totaling $773 million in the first half of the year. Will the affected investors recover their lost funds? The uncertainty remains as the team continues to investigate the exploit and track the perpetrators. Stay updated for further developments on Velocore's security measures and recovery plans.